Funding you earn now, next payment 06:00 UTC+0.0215%/8h= +23.6% APRnext payment +$0.27 per $10,000 · paid last 24h −0.035%
Price spread now: Hyperliquid against Kraken Futures−0.066%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+1.407%+$141 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Funding pays, the price is against you. Hyperliquid is 0.066% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.066% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 25 hours of funding at the current rate (+$6 a day). At the pace of the last 7 days (+1.407% in total) that is about 8 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_TURBOUSD | 0.001053 | −0.0115 | get 0.0014% / 1h | 17m 41s | $69K | $30K | 20x |
| Short | Hyperliquid TURBO | 0.001052 | 0.0100 | get 0.0013% / 1h | 17m 41s | $312K | $167K | 3x |
Kraken Futures PF_TURBOUSD
Hyperliquid TURBOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Kraken Futures. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $45.21
- Price spread: −0.066% → 0.000%
- −$6.61
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $19.6
- Costs to cover
- 0.190%
- Break-even
- 4.0 days
Slippage unknown: Kraken Futures: no order-book sample; Hyperliquid: live order book, 52 min ago. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Kraken Futures no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 52 min ago | 4.71 bp | 21.9 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
TURBO on 14 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_TURBOUSDlong | −0.0115% | 1h | 0.001053 | long leg | $69K | $30K | 20x | |
| Injective TURBO/USDC PERP | +0.0033% | 1h | 0.001069 | +1.549% | $83 | $4 | 5.5x | as long as short |
| BloFin TURBO-USDT | +0.0067% | 4h | 0.001052 | −0.095% | $152K | $466K | 75x | as long as short |
| Hyperliquid TURBOshort | +0.0100% | 1h | 0.001052 | −0.066% | $312K | $167K | 3x | |
| Aster TURBOUSDT | +0.0100% | 4h | 0.001052 | −0.101% | $9K | $20K | 10x | as long as short |
| Binance TURBOUSDT | +0.0100% | 4h | 0.001052 | −0.104% | $2.9M | $6.3M | 50x | as long as short |
| Bybit 1000TURBOUSDT | +0.0100% | 4h | 0.001052 | −0.028% | $376K | $763K | 25x | as long as short |
| OKX TURBO-USDT-SWAP | +0.0100% | 4h | 0.001052 | −0.066% | $880K | $2.2M | 20x | as long as short |
| Gate TURBO_USDT | +0.0100% | 4h | 0.001051 | −0.161% | $384K | $324K | 25x | as long as short |
| MEXC TURBO_USDT | +0.0100% | 4h | 0.001051 | −0.133% | $5.4M | $611K | 20x | as long as short |
Injective TURBO/USDC PERP
BloFin TURBO-USDT
Aster TURBOUSDT
Binance TURBOUSDT
Bybit 1000TURBOUSDT
OKX TURBO-USDT-SWAP
Gate TURBO_USDT
MEXC TURBO_USDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin TURBOUSDTM | +0.0100% | 4h | 0.001051 | −0.171% | $1.8M | $861K | 20x | as long as short |
| Bitget TURBOUSDT | +0.0100% | 4h | 0.001052 | −0.066% | $994K | $580K | 25x | as long as short |
| BingX TURBO-USDT | +0.0100% | 4h | 0.001052 | −0.104% | — | $7.7M | — | as long as short |
| Extended TURBO-USD | +0.0104% | 1h | 0.001052 | −0.089% | $1K | $232K | 5x | as long as short |
KuCoin TURBOUSDTM
Bitget TURBOUSDT
BingX TURBO-USDT
Extended TURBO-USD